1258 W MANHATTON Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 3 bath
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Tempe, AZ 85282
This versatile residential asset represents a Prime Investment Opportunity with a List Price of $469,900—positioned well below the $678,061 Fair Market Value by 30%. This significant valuation gap secures $208,161 in Instant Equity. While the primary residence carries a Fair Condition Rating, the 2026 remodeled detached studio and 2020 major system upgrades (Roof and A/C) provide a strong foundation for forced appreciation. Located minutes from ASU with 5-bedroom potential, this is a high-yield acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1258 W MANHATTON Drive Subject | $469,900* List Price | 4 | 3 | 1,606 | $422 | - |
A 3605 S CUTLER Drive Sold | $399,000 | 4 | 3 | 1,376 | $290 | 0.1 mi |
B 343 W SANTA CRUZ Drive Sold | $449,000 | 3 | 2 | 1,538 | $292 | 0.8 mi |
C 3623 S CUTLER Drive Active | $349,900 List Price | 3 | 2 | 1,260 | $278 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is classified as being in fair condition. While it features significant mechanical upgrades such as a new roof and A/C system (2020) and a recently remodeled detached studio (2026), the main residence shows clear signs of age and lacks modern interior updates. Images of the primary living areas reveal dated popcorn ceilings, basic tile flooring, and older ceiling fans and fixtures. The main house appears well-maintained but remains stylistically outdated, consistent with a 1970s build that has received only partial renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7754, living area = 1606.
The property includes a fully remodeled detached studio with its own full bath, providing excellent versatility for rental income, multi-generational living, or a professional home office.
A new roof and A/C system both installed in 2020 offer significant peace of mind and reduced immediate capital expenditures for the new owner.
The assigned elementary, middle, and high schools all carry a rating of 3/10, which may be a concern for families prioritizing academic performance and could impact future resale value.
Fitting five potential bedrooms into 1,606 square feet suggests that individual room sizes may be quite small, potentially leading to a cramped interior feel for larger households.
Rare 1,600 SF Tempe Compound - 5BR Potential, in a plenty big lot and less than 4.5 miles from ASU main campus!!! Unique property offers space & versatility you won't find elsewhere. Main house features 4BR plus an executive office (easily a 5th BR!). NEW ROOF (2020) & NEW A/C (2020) for total peace of mind. The standout: A detached PRIVATE STUDIO fully remodeled in 2026 w/ its own full bath--perfect for guests, rental, or a quiet office. Hobbyists will love the massive driveway for 6 vehicles and the 10' RV gate with deep, secure storage for your trailer or boat. Located steps from Dwight Park & minutes from ASU with easy freeway access. No HOA! Rare square footage, modern upgrades, and a 2026 remodeled studio make this a must-see. Your versatile Tempe sanctuary awaits!
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 2.0 | 90% |
| Square foot | 1,606 | 1,737 | 29% |
| Lot Size | 7,754 | 8,355 | 31% |
| Price | $469.9K | $404.5K | 58% |
| Price per sq ft | $293 | $251 | 65% |
| Built year | 1972 | 1969 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 2155 | 1% |
Mar 13, 2026
$469,900
Initial Listing